California Dream For All Shared Appreciation Loan

About This Program

The California Dream For All program offers first-generation, first-time homebuyers up to 20% of the purchase price (max $150,000) as a shared appreciation loan for down payment assistance. Rather than monthly payments, borrowers repay the original amount plus a share of appreciation when the property is sold or transferred. Demand far exceeds funding, so applicants enter a randomized lottery.

Repayment includes original amount plus 15–20% of appreciation at sale; not a free grant

Key Details

• Up to 20% of purchase price, max $150,000 toward down payment
• No monthly payments — repaid at sale with share of appreciation
• Must be first-generation, first-time homebuyer
• Lottery-based selection — demand exceeds funding each round
• Call CalHFA at (877) 922-5432 for status and next lottery date

How to Apply

Deadline: Lottery-based; check calhfa.ca.gov/dream for next round